With 2 million of new micro-entrepreneurs MEIs breaks record in the country

According to data from the Entrepreneur’s Portal, approximately two million users became individual micro-entrepreneurs (MEIs) at the end of last year. The number is the highest ever recorded since 2009, when the law regulating the category came into effect. As a result, the country reached a total of 11.3 million active MEIs, 20% more than at the end of 2019, when the segment had 9.4 million registrations.

Source: Contabeis

MadeiraMadeira receives $190mn and becomes new Brazilian “unicorn”

The website for the sale of articles for the MadeiraMadeira home announced that it received a contribution of $190 million led by SoftBank and Dynamo, becoming a “unicorn”, startup valued at $1 billion or more. The company’s executive said that sales made through the platform grew by 120% in 2020, compared to an 80% expansion a year earlier.

Source: Money Times

Union covered $2.4 bn in state debts in 2020

In 2020, the National Treasury paid R$13.265 billion ($2.4 bn) in state debts. This is 58.9% more than in 2019, when the Union had disbursed R$ 8.35 billion ($1.46 bn). Of this total, most, R$ 8.251 billion ($1.44 bn), is related to late payment by the state of Rio de Janeiro. In second place comes Minas Gerais, with R$ 3.176 billion ($557 mm) covered by the Union.

Source: Noticias Agricolas